San Leon Energy Share Discussion Threads

[czar] 29/9/2017 08:29

San Leon is a screaming BUY imho, the balance of the loan notes which have to be paid are more than the entire market cap, then there is 17% interest to come, then their share of oil proceeds then the profits on the $1.5b oil services contract. If we get taken out for less than 80p it is theft!

[pjj71] 29/9/2017 07:29

jam tomorrow... that sounds almost positive from you CT, could you not find 'Rotten Apples Tomorrow'????

[linksdean2] 28/9/2017 19:33

a "LIAR" charttrader2000/callasjunkie said bonny doesn't flow through TNP..I knew it did..proof here dictates oil does indeed flow through TNP if probs on Nembe trunkline!..

" SPDC said that the Bonny Light oil exports are continuing through the other main pipeline, the SPDC-operated Trans Niger Pipeline. "



Force majeure on Bonny Light to be lifted in October – NNPC

Sep 28, 2017

The Nigerian National Petroleum Corporation (NNPC) has said that plans are in place to lift the force majeure on Nigeria’s Bonny Light crude next month, Vanguard reports.

Shell Petroleum Development Company (SPDC), declared a force majeure on September 16, 2017, on Nigeria’s Bonny Light crude, due to issues affecting one of the two major pipelines leading into the grade’s terminal.

According to group general manager, NNPC’s Crude Oil Marketing Division, Mele Kyari, “I cannot give you an immediate time frame but I know that it will be very soon, as soon as repair works are completed.” He added that it is very likely that the force majeure will be lifted in October.

SPDC said that the Bonny Light oil exports are continuing through the other main pipeline, the SPDC-operated Trans Niger Pipeline. Bonny Light has seen its production affected by declarations of force majeure at different points throughout the last year.